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Consumer Sector Update for 01/03/2017: TSLA, TTM, WMT, MCD, DIS, CVS, KO

Top Consumer Shares:

WMT: +0.1%

MCD: -0.9%

DIS: +1%

CVS: -0.1%

KO: +0.1%

Consumer shares were mostly higher ahead of the opening bell Tuesday.

In consumer stocks news, Tata Motors ( TTM ) American depository shares were up 1.6% in after the car maker said December sales increased 2% to 40,944 vehicles from 39,973 vehicles sold in Dec. 2015. The company said in a regulatory filing the passenger vehicle segment grew by 35% due to continued positive response for the Tata Tiago. Exports grew by 12% on demand for commercial vehicles, the company's bus segment saw growth of 59% over last year, and sales of construction vehicles grew by 22%.

And, Tesla Motors ( TSLA ) was up 0.9% after it said it is allowing prospective buyers in the U.K. another two weeks to buy cars at current prices, delaying the 5% increase by two weeks, Bloomberg reported, citing an emailed statement from the company. The company said the extension is due to "exceptionally high demand at the end of the year," the report said. Tesla is increasing prices due to the pounds decline in the wake of the country's vote to exit the European Union.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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